'No excuses' for platforms not to implement e-signatures

Given current climate

Sophie King
clock • 4 min read

Some platforms have put temporary plans in place to help advisers work with customers as normal, but others are keeping it business as usual despite the coronavirus crisis.

Most platforms require wet signatures from clients for them to move money, but the Covid-19 outbreak and recent government restrictions has made it increasingly harder for advisers to do so. Even before the pandemic, implementing e-signatures had been a debate among the financial planning community for some time and were deemed an "important milestone" when they became legally valid last year.  To add insult to injury, almost £1m of coronavirus-related fraud has been reported to Action Fraud, according to the national crime and fraud reporting centre. There had been 105 cases of Covid...

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